Resale value, what happened???

[MagneticA]

The only way a driven car is an investment is if you hold on to it and keep driving it after your note is taken care of.

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[tribaltek]

I traded in a15 STi with 14K miles for the GT. The Subaru dealer that bought my car listed it for the price of a new one...Now Subaru STi is a brand that holds its value well.

One of the reasons I haven't sold my STi for a Mustang yet. It's worth nearly as much today as when I bought it over four years ago.

 

[MagneticA]

Not even then. Unless the car can give you a profit (when you sell it) then it will never be. Now if you keep for 50 years then I bet you can get a good chunk of money back.

It's in the keeping of the car, not selling it, where you will see the benefit. Technically it isn't an "investment" per se, but when you keep your car you can turn the payments you used to make into investment opportunities. If you go from car to car and are always making payments, you will always be "losing" money.

 

[Terminated]

Try trading in your car at a dealership. See if they'll give you the 13k KBB claims. Not going to happen. First excuse dealers use? We use auction market values NOT KBB. Have you been in a dealer live auction? You get cars for dirt cheap!

Now if you sell it yourself might be a different story but most people trade in anyway.

Not an excuse. Those programs can show more than just what a car is sold for at auction. They will also populate a chart based on whatever radius you choose and show all the dealerships that have similar optioned cars with similar miles and what they're selling them for and how long they've been sitting on the lot. If you're a true "volume" dealership, then you don't sell your cars at KBB, either- you sell below. Consumers wouldn't pay that price...

 

[Jonny50]

The only way a driven car is an investment is if you hold on to it and keep driving it after your note is taken care of.

Or if it is used for work
(not that I am towing a trailer with my Mustang)

 

[Steve44]

Similar to other folks, a lot of it depends on the brand...have traded in a couple of WRX's in the past and was pleasantly surprised with the trade in value. On the other hand, the car I am driving now (cadillac ATS) has dropped like crazy. Had an MSRP of $48k just 4 months ago...paid $39k...and with only 3k miles the trade in value is $29k. Absolutely bonkers...

 

[ridenfish39]

Trading a sports car right before winter is a bad idea. You'll get more for it in April

 

[jasonstang]

Trading a sports car right before winter is a bad idea. You'll get more for it in April

Yea you don't want to trade it in. Now selling it yourself is better choice because people would think your deal is better because you are desperately getting rid of it.
I had hard time selling my 2009 beginning of this year when it had less miles. Sold it end of last month for the same price more miles in two days.

 

[Rca4697]

Wow that's a lot of depreciation. I had a 2010 Evo and when I traded it in after two years I was positive by like 1500. I was impressed! Then I see my wife's car, a Benz, her car was about 38k now valued 23k after 1.5 yrs! That is BS for a Benz. Then again I know a few other owners that have the same problem on a Benz.

 

[ScottsGT]

When I put my $10K downpayment out there, I considered it the throw away money if it got totaled or I decided to sell or trade.

 

[87IROCZOWNER69]

This is why I leased my vehicle. If at the end of my lease it's worth less than the buy out then I'll flick them the keys and consider a new one. If it's worth more than the residual then I'll consider hanging onto it

 

[Sasuketr]

Mustang resale value always have been low. You have to keep the car at least for 3 years and drive the hack out of it. Camaro on the other hand won couple of best performance car resale value awards and has a better resale value.

It is really hard to see your own money go away like that. I had a 2012 2ss/rs camaro and was able to traded in for 27 grand for the new mustang. Back in 2011 i paid $36,300 for it. I was happy with the trade in value.

 

[neutron]

It's not just Ford!! I leased my Lexus GS for 3 years @ a sticker price of 56k and it's coming up on it's return date in December. The same dealership says it's only worth 29k now. I was
shocked like everyone else at such a drop..I am a friend to the dealership so I paid 45k with a residual of 31.5k, so I thought I would at least get something back since I have only 15k on
the odometer at this time..

I guess we should be more shocked that manufactures have conditioned us to think this is ok!!

 

[Chameleon]

Cars are a horrible horrible investment.

 

[fionic]

who cares about resale value? like everyone else says... it's not an investment.

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